Bitwise Bitcoin Standard Corporations ETF (NYSEARCA:OWNB) Shares Down 2.1% – What’s Next?

Bitwise Bitcoin Standard Corporations ETF (NYSEARCA:OWNB) shares fell 2.1% during mid-day trading on Friday . The stock traded as low as $16.86 and last traded at $16.87. Approximately 1,329 shares were traded during trading, a decline of 90% from the average session volume of 12,678 shares. The stock had previously closed at $17.24.

Bitwise Bitcoin Standard Corporations ETF Stock Down 2.1%

The firm’s 50-day moving average price is $20.01 and its 200 day moving average price is $20.07. The firm has a market cap of $14.00 million, a P/E ratio of 20.01 and a beta of 3.16.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Ankerstar Wealth LLC bought a new position in Bitwise Bitcoin Standard Corporations ETF in the 4th quarter worth about $40,000. Brookwood Investment Group LLC increased its stake in shares of Bitwise Bitcoin Standard Corporations ETF by 35.7% in the fourth quarter. Brookwood Investment Group LLC now owns 9,468 shares of the company’s stock valued at $203,000 after purchasing an additional 2,491 shares during the period. Jane Street Group LLC bought a new stake in shares of Bitwise Bitcoin Standard Corporations ETF during the second quarter valued at approximately $1,085,000. Citadel Advisors LLC bought a new stake in shares of Bitwise Bitcoin Standard Corporations ETF during the third quarter valued at approximately $1,245,000. Finally, Orion Porfolio Solutions LLC acquired a new position in shares of Bitwise Bitcoin Standard Corporations ETF during the second quarter worth approximately $1,794,000.

About Bitwise Bitcoin Standard Corporations ETF

The Bitwise Bitcoin Standard Corporations ETF (OWNB) is an exchange-traded fund that trades on the NYSEARCA exchange in the United States.